SBM Offshore has signed an agreement with long-time partner Nippon Yusen Kabushiki Kaisha (NYK) to divest a 45% ownership interest in the special purpose companies responsible for the lease and operation of the FSO Chalchi, which is being developed for the Trion deepwater project offshore Mexico.
MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2-MW power generation system integrated with carbon capture technology for future floating production, storage and offloading vessels (FPSOs).
The U.S. House of Representatives has passed legislation that would extend a key federal program supporting oil and natural gas permitting activities on public lands, drawing support from industry groups that say the measure helps improve permitting efficiency while remaining fully industry funded.
Velesto Energy Berhad has secured a contract from Northern Gulf Petroleum (NGP) for the provision of jackup drilling services offshore Thailand.
Expro has secured a contract extension of up to five years with a major operator to continue providing subsea completion and intervention services in the Gulf of America/Gulf of Mexico.
India signaled interest in deeper energy ties with Venezuela, including sourcing crude supplies and investments in the country’s oil sector, after acting Venezuelan President Delcy Rodríguez held talks with Prime Minister Narendra Modi in New Delhi.
Chevron Corp has received a notification from Etu Energias that Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean PLC.
Organization of the Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais defended coordinated producer action as vital to oil market stability, speaking at Russia’s St. Petersburg forum on Thursday.
Eni has signed an oil and gas exploration agreement covering 15 offshore blocks in Guinea, S&P Global reported on Wednesday.
Dangote Petroleum Refinery processed 700,000 barrels of crude a day in a performance test, beating its 650,000 barrel nameplate capacity and advancing a plan toward global refining dominance.